No they will progress towards the pilot plant and production of Lithium Carbonate in 2019 with a solid partners in Canada/Australia and maybe pick up the exercise of the licence option from EMH.
LIT have a lot of bills to pay over next 3 months as well as develop Sileach into an economically competitive technology so will need to do a CR very soon.
Lmax has over 2 years technological refinement and is now "market ready" Sileach is about 2 years away from being "market ready"
This is all about trying to slow down a competing technology so they can technologically catch up. Just part of the cut and thrust of highly competitive new age businesses.
Ann: LIT: Extension of Offer Period for takeover bid for LPD, page-25
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Mkt cap ! $17.17M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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| Price($) | Vol. | No. |
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